Bank Leumi Le-Israel Ltd.

European Investment Bank (EIB) Vice President Gelsomina Vigliotti (right) with Alan Tavir, CEO of IDE Technologies Group and European Union Ambassador to Israel Dimiter Tzantchev announce EIB support for Western Galilee desalination project, June 25, 2023. (Courtesy)

EU financial arm to invest €900m in Israel, including Western Galilee desalination

European Investment Bank allocates €150 million for water facility plus €500m in Bank Leumi credit to encourage green business projects, and assesses €250m for Tel Aviv light rail

EU financial arm to invest €900m in Israel, including Western Galilee desalination

By Sharon Wrobel

June 25, 2023, 9:28 pm

EU financial arm to invest €900m in Israel, including Western Galilee desalination

European Investment Bank allocates €150 million for water facility plus €500m in Bank Leumi credit to encourage green business projects, and assesses €250m for Tel Aviv light rail

By Sharon Wrobel

A branch of Bank Leumi in central Jerusalem (Maxim Dinshtein/Flash90)

May 23, 2023, 3:14 pm

Bank Leumi earns NIS 981m in 1st quarter, down 39%, after US bank value writedown

Net interest income jumps 36% to NIS 3.9 billion in the first quarter of 2023 from last year’s Q1; bank announces dividend, share buyback

By Sharon Wrobel

Illustrative: Israelis walk next to Bank Leumi in Jerusalem, on November 16, 2014. (Yonatan Sindel/Flash90)

May 7, 2023, 2:43 pm

Leumi expects first-quarter profit to slide 50% due to drop in US bank stake value

Leumi estimates that it will need to write down the value of its 14.2% stake in Valley National Bancorp by NIS 1b, as shares in the US bank have lost 33% of their value this year

By Sharon Wrobel

Illustrative image: Israelis walk next to Bank Leumi in Jerusalem on November 16, 2014. (Yonatan Sindel/Flash90)

March 14, 2023, 5:52 pm

Leumi posts biggest profit among Israel’s banks, fueled by steady rate hike

Net profit in 2022 rose 27% to a record NIS 7.7 billion; net interest income jumped 28% to NIS 13.2 billion versus the previous year

By Sharon Wrobel

From the WebMay 27, 2021, 3:56 pm

Israel’s Bank Leumi bullish on further 2021 profits

Reuters: Israel’s largest lender posted a jump in net profit to NIS 1.34 billion ($413 million) in the first quarter as economy rebounds post-corona

View of the Tel Aviv Stock Exchange, December 25, 2018.
(Adam Shuldman/Flash90)

March 24, 2021, 3:02 pm

Investors yawn at election stalemate as focus stays on pandemic, global markets

‘People have gotten used to the fact that this is how it is here, and believe that in the end things will work out,’ says capital markets strategist at Bank Leumi

By Shoshanna Solomon

Bank Hapoalim CEO Dov Kotler, right, meets with CEO of the National Bank of Bahrain Jean-Christophe Durand in Manama, Bahrain in Nov. 2020 (Courtesy)

January 17, 2021, 12:22 pm

Israeli lenders Hapoalim and Leumi sign accords with National Bank of Bahrain

‘Historic’ memorandums of understanding seen as paving the way for business parties in both nations to tighten economic ties

By Shoshanna Solomon

A Bank Leumi in Jerusalem, November 16, 2014. (Yonatan Sindel/Flash90)

From the WebNovember 17, 2020, 11:32 am

Israel’s Bank Leumi third quarter profit dips, loan loss provisions triple

Reuters: The decline in net profit was lower-than-expected, as the surge in loan-loss provisions due to COVID-19 was offset by higher net interest income and lower expenses

Bank Leumi's chairman Samer Haj Yehia, fourth from left, High Excellency Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade, fifth from left, and CEO Hanan Friedman, second from right, with UAE officials; Sept. 14, 2020 (Courtesy)

September 15, 2020, 5:42 pm

Israel’s Bank Leumi, UAE banks sign accords to promote business ties

Leumi symbolically sends each bank a money transfer of $180, or ’10 times life’ in Jewish tradition, to mark historic day of Israel and UAE cementing diplomatic relations

By Shoshanna Solomon

Illustrative photo of 200 new Israeli shekel bills, February 7, 2016. (Nati Shohat/Flash90)

September 10, 2020, 2:52 pm

Why, amid collapsing economy wracked by COVID, is shekel near a 12-year high?

The shekel-dollar rate went below psychological threshold of NIS 3.40 to the dollar on September 1, the Israeli currency’s strongest level since July 2008

By Shoshanna Solomon

From the WebAugust 27, 2020, 2:36 pm

Israel’s Bank Leumi Q2 profit falls less than expected

Reuters: Leumi reported net profit of NIS 694 million ($204 million) in the quarter, compared with NIS 923 million a year earlier and NIS 430 million forecast by a poll of analysts

People wearing face masks as they shop at the Mahane Yehuda Market in Jerusalem on July 3, 2020 (Yonatan Sindel/Flash90)

July 6, 2020, 3:17 pm

Health largely OK, but job prospects for the young on life support amid pandemic

Previous crises have shown economists that if young unemployed men and women don’t get back to work quickly, they could get stuck on the margins of the labor force for good

By Shoshanna Solomon

From the WebMay 27, 2020, 11:12 am

Israel’s Bank Leumi moves to Q1 loss due to coronavirus outbreak

Reuters: Leumi, one of Israel’s two largest banks, lost NIS 232 million ($66 million) in the first quarter, compared with a net profit of NIS 1.09 billion a year earlier

In this January 23, 2020, photo, a staff member wearing a hazardous materials suit hauls a bin at a hospital that reported a coronavirus death in Yichang in central China's Hubei Province. (Chinatopix via AP)

February 3, 2020, 2:33 pm

In Israel, coronavirus likely to affect tourism and construction first – analyst

Should the virus not be constrained in a few weeks, a reduction in supplies from China could cause a slowdown in any sector dependent on imports, Bank Leumi’s chief economist says

By Shoshanna Solomon

August 27, 2019, 6:54 pm

Bank Leumi appoints Hanan Friedman as new CEO

Incoming executive has spent over five years at the bank, recently overseeing strategy and innovation; nomination must still be approved by the Bank of Israel

By Stuart Winer